Independence Northwest Center for Independent Living of Northwest CT

Analysis

Independence Northwest Center for Independent Living of Northwest CT is a registered charity in United States, based in Naugatuck, CT. It received its IRS tax-exemption ruling in July 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Independence Northwest Center for Independent Living of Northwest CT reported income of $1.3m and spending of $1.3m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.3m (+26%), an average of +6.0% a year. The sharpest change came in the year to September 2020, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independence Northwest Center for Independent Living of Northwest CT sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Ihope Intentional Houston Opportunities Promote Empwrmnt Inc ($1.3m), Delaware County Housing Development Corporation ($1.3m) and Amplify Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $95k (7.3% of expenses). Other salaries and wages came to $583k. At year end it held assets of $536k against liabilities of $150k, net assets of $386k. It reported 18 employees.